1931-04-27 — Page 6

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HONG KONG DAILY PRESS, MONDAY, APRIL 27, 1931.

CORRESPONDENCE.

|:-- [All letters intended for publi- cation must be accompanied by the name and address of the writer, not for publication, unless so desired, but as evidence of good faith.-ED.]

STABILISATION.

[TO THE EDITOR OF THE, HONG KONG

DAILY. PIENS."]

CHINESE LAUNDRY

STRIKE FAILS..

SAN FRANCISCO SAVED FROM PROSPECT OF DIRTY LINEN.

San Francisco, Cal., April 17.- Hundreds of Chinese laundrymen returned to their jobs in San Francisco to-day, virtually ending su unsuccessful strike which for a timonensed San Francisco to faco the prospect of considerable un-

washed lined.

All but 50 of the striking Chinese

SIR, "Anti-Three-Piccec Rick. shaw" is patiently waiting for somo taipan or his satellites to come forward with a convincing argument" against our becoming stabilised on gold while China re-laundry artists returned to work mains on silver. In the first place, when their employers delivered an why should they! They can put their arguments before the Currency ultimatum to the offect that if they Commission, from whom they can persisted in their strike and their bo sure of a patient hearing demands for higher wages and loss whereas if they write anything to the papers they receive in return work they would never again find little clac than abuse and the taunt employment in San Francisco, that they are interested parties. Letters written in the strain of your correspondent's are hardly encouraging to anyone to come for ward and give the explanations de- sired,

Sometime ago I took the trouble to set forth the arguments against independent netion, in your morn- ing contemporary, and subsequently answered all the correspondence that arose from it, using the clearest possible language, and not shirking any point that was raised. In my final letter I dealt exhaus tively with the queries and argu ments of all my opponents," and not one of them replied,

|

Fifty of the laundrymon are still un strike. It is expected that the employers will refuse to give them work in the future....

JAPANESE MURDERERS

SENTENCED.

J:

Tokyo, April 20.-Kunio Gomi and Toota Tanaka, who have been vader court trial for a long time on the charge of murdering three men at Ookayama, a suburb of the city,, woven years ago and another three men at Senju, three years ago, were sentenced to death by the Tokyo District Court this morning.

STABILISATION.

AN APOLOGY TO MR. HO IV.

1

Mine was a genuine effort to ex- plain many of the factors and prob- lems about which the man-in-the street, admits he knows very little, and as a matter of fact I received thanks from several people who described the letters as the first attempt to put these argumenta bè- fore the public. It has seemed since that the time spent on writ- ing them was wasted, and the neers which the correspondence brought forth and the frothy ful- minations which took the place of argument, were convincing proof

In the Correspondenco Columns that the newspapers were scarcely the best medium for the thrash.published, in our issue of April 24th there, appeared a letter over the ing-out of economic problems.

initials "LS.C." under the head- ing commenced with these words:

"Stabilisation." The letter "There is a struggle going on in this Colony at the present moment be tween legitimate business nen and speculatora. It is a struggle of life and death, of right and wrong, of business and gambling. The letter contained anggestions that argu- ments put forward against stabili The last paragraph of that letter sation were made by speculators

began with those words: “A cer- tain compradore who has made. much ill-gotten gain from exchange gambling is now giving all the

stabilisation...

If, therefore, I return just this once to the forum in answer to "Anti T.P.R," it is not with the object of entering on another con troversy (this is my solo contribu- tion), but because the point meŋ- tioned by him has often been brought up by others and perhaps no attempt hus so far been made to explain it to the public. He points out that as there is already a difference between Kwangtung currency and our own of some thing like. 30 per cent., would not affect us if it were 130. per cent or 180 per cent, (with Hong Kong on gold). Now this is where the difference lies. At pre-publicity, he can to fight against

let us fight this! sent the exchange between gold and silver takes place in Hong Kong, compradore and his gang with our and the exchange between Hong mightiest instrument-our pens!"

Mr. Ho Iu, Compradore of the Kong dollars and Kwangtung cur- rency is fixed in Canton. If wo Hong Kong Mercantile Bank, dur went on to a gold basis, this fixinging the last few days, has express of exchange between the Kwanged his views in the Chinese Press tung ourrency and our own would against stabilization, and still take place in Canton. It views were given much prominence should not be very difficult to see in the Chinese Press. We are now that transaction would be the all- satisfied that many firma were an important "exchange between gold fortunately led to the inference that and silver. Where, then, would the the compradore mentioned above main exchange market be? Ob referred to Mr. Ho Iu. viously it would be transferred 'to Canton; Banka would have to open larger offices or form fresh branches thero if they did not already possess them. The Banks, who are usually described na interested partics," would get the business just the same, but they would get it in Canlon, and the sufferer would bo this Colony: they are unanimous as to this being the effect of our geing gold hero independently of China

these

We emphatically etate that no reference to this gentleman was ever intended by us, and we deeply regret that any inferees to the contrary could have been drawn. from anything. published in our columns. In eo far as anything: published in that letter leads to the inference that Mr. Ho la had ever gambled in exchange or that any views he expressed as a public man were in anyway whatever influenced by personal considerations were ab With the enormous expansion of solutely unfounded in fact, and we the exchange and money market in hereby unreservedly and unqualified- Canton, it follows that the mer-

ly withdraw each and every one of We chants there would have a great such unfouiled allegations. advantage over those in Hong hereby further tender to Mr. Ho Tu Kong, for they would, find it much our sincere apologies and regrets easier to transact business on the for having published a letter from. spot with countries like England, which such unfounded inferences America and Japan than they do could or might have been drawn. at present. Not.. ouly, should we lose our position as the financial centre of the South, but-except-in, so far as our merchants were pre- pared to carry heavy spot stocks. and sell them as demand appearod- our import and export trado would. receive a very severe eet-back from. the increased competition at Can-

ton.

There are many reasons why such an influential section of the busi nesa community here opposta any tampering with our currency and this is but one of them. There has been a great deal of, rhetoric and

mob_oratory" on the part of thesandvocating stabilisation at any price, but it is up to these theoristei to prove this reason is unsound. Yours, etc,

ONE OF THE PUBLIC. Hong Kong, April 25, 1931:

THE SCHNEIDER TROPHY.

· ROLLS-ROYCE – GAIN BUILD......

·ING ENGINES.

**London, April 17=It was stated. at the annual meeting today, of Messrs. Bolls Royce that, the com pany will again, build' engines for Schneider the defence of the Trophy.

Tai Mo Shan Handicap "0"

FOURTH EXTRA"

RACE MEETING. ·

WEIGHTS FOR SATURDAY'S RACING.

The following weights have been allotted by the handicapper for next | Saturday's racing:-

Mount Parker Handicap "A"

Zorhan

Clans.

KAIPING COAL

HOME, FACTORY

Iba,

AND

Wonderful Stag Wisdom Stagg Vasylock

152

150

BUNKERS

153

101

301

150

.145

102

133

140

......... 140 130

Gay Crusader Boxing Eve 'Gold Koy Jill.......

Christmas Chimes Royal Flush

Pride of Tsingtao Roo Inn

Mount Parker Handicap "B"

1,

Pickle

African Evo Valorous Piconlilli

San Francisco........ Sanction .... Young Protender

Nippy

Good Day..................

FOR ALL PURPOSES

POWER HOUSE,

TUGS &

LOCOS

THE KAILAN MINING ADMINISTRATION,

Head Office —TIENTSIR.

DODWELL & CO., LTD.. Agents, Hong Kong."

Security

at 20 Cents Per

Cubic Foot

Per Month,

Claz.

Jbe.

133

Crown Prince

137

Bros

133

Imporial Hall

133

Victory Hall

161

Poppercorn

133

Whizome Stag

138

COLD STORAGE

Lobster Bay

330

101

142

133

169

143

......... 133

Monterey Bay

133

Carnival Eve

140

The Gomeril

133

The Grouse ........................

133

O-Moon

Majestic Hall

Ne

13)

130

140

Chera

149

The Tiger

161

King's Counsel

133.

Mount Parker Handicap "Ɑ"

Class.

lbs,

Fi-Fa

140

Northern Prince

1611

133

FURS ARE A LUXURY

Happy Return8 Bronze Eyes Mount Elburz Wisd Stag Mindoro

133

140

133

157

1-15

150

141

Mascot

133

Tây

153

As You Like It

133

Tango

137

Happy Day

For Further

133

Country Club..............

1:33

Loveret

358

Monk.....

133

Particulars

One Third

130

The Quail

140

Morning Star

130

Sonny Bay

140

Tunney

155

Pacemaker

144

150

133

Jadestone

133

Thunderous Stag

143

133

City Hnil

136

161

Mongolian Stag

348

Christmas Balle

157

147

3.33

133

130

133

Misamis Orlando

Fritillery Silver Key

Blue Boy

Fifty Fifty

Armony Cream Cracker Pagoda

Brunswick Hall Tigre

Mount Parker Handicap "D"

White Stars

Groombridge Movangber

Dunce

333

Class,

lbs.

Twilight Silver Flare Noakhail.......

138

133

101

Choctow 11. Heretofore. Arctic Eve Sans Souci

Happy Choice Sultry Evo Agalo

138

133

133

144

133

133

133

Flornottam

Fanling Stag

140

Redskins

100

140

153

336

Summer Hall

133

R. T. BARRETT,

140

EDITOR, Printer and Publisher.

Tai Họ Khan Handicap "A"

Olass.

ibm.

Vasylock

-148

Wisdom Stag meni 140

Wonderful Stag

145

CIAOM

Ibs.

Gay Crusader

354

Fi-Fa

140

Boxing Eve.

140

133

Gleneagles

161

Happy Returns

133

Gold Key

138

Awaken. Lian

123

Christmas Chimes

133

Bronze Eyes

140

Royal Flush

133

133

151

Pride of Tsingtao 133 Rooslan

133

145.

100

145

Olass,

Orlando... Tay

141

133

Pickle

Tango

137

Crown Prince

137

Happy Day Loveret

123

Eros

133

-158

Imperial Hall

101

One Third The Pheasant

139

Lobster Bay

138

140.

Daylight Eve

155

Morning Star Tunney

130

Paccililli

133

185

Monterey Bay

133

Scrappit

183

Carnival Eve

140

156

The Gomeril

133

1420

133

133

748

130

133

Morgonlian Stag

148

∙140

Christmas Belle Pagoda

157

133

Miko Chara

101

Britannic Hall. .......... 181 Tigro

-The Tiger

133

Good Day

Mount Elburz

Wise Singuru Mindoro.................... Misamis Empress Hall

Fritillery Edenbridge Blue Bar City Hall

Tiny Tiny

CARE FOR THEM

OVER THE SUMMER

Apply

The Dairy Farm, Ice & Cold Storage Co., Ltd.

The Grouse

Paul, Pry'

O-Moonr →→Majestic-End!-

Nippy

4 149.

(Continued"on-previous “column:)

"NOW

IS THE TIME TO INVEST

IN SOUND ADVERTISING,

When new accounts are slow in maturing and business seems dull, pro- fits can be built-up-to- normal level by investing

in a carefully planned advertising campaign.

Let The

Directory and Chronicle

of the Far East

be your sales builder, Write e to us for sugges

tions of advertising schemes and rate cards,

Published by

Tez: HONGKONG DAILY PRESS, LTD, 11, Ice Houm 'Street,

Tal "Mo"ShanTMHandicapTM"B":

Ibs